Crypto analyst Trader Tardigrade suggests that Dogecoin has marked a local bottom, indicating potential for a significant price surge. His analysis points towards a 100% rally from its current levels with a possibility of reaching $0.28.
The Moving Average Convergence Divergence (MACD) bearish cross, identified by Tardigrade, typically predicts a sideways trading period before another bullish phase. The DOGE price has increased by 53% since September, showcasing its strong performance among top cryptos by market cap.
Master Kenobi, another experienced analyst, supports this positive outlook, suggesting that key levels to observe include $0.23, $0.33, and $0.73—the latter being Dogecoin's all-time high. Reaching $0.73 could trigger a significant parabolic price increase.
The sentiment is further bolstered by self-acclaimed lead analyst Kevin Capital, noting a pending 'golden cross' for DOGE amid potential political changes. A Trump victory could potentially trigger Musk's D.O.G.E proposal, possibly driving a breakout.
With Dogecoin trading at $0.165 and increasing by over 10% in the past 24 hours, per CoinMarketCap, it continues to defy trends, performing robustly as elections approach.
